Is going to graduate school really worth it?

By , July 27, 2013

The most successful and well paid people I know never got an advanced degree. Everybody I know with a masters degree is making an average salary that they probably could of gotten with a bachelors degree.

I always hear people its always good to go back to school but I honestly cant see the value. If you think it is really worth please prove me wrong with concrete examples. I would like to see why its really worth it

6 Responses to “Is going to graduate school really worth it?”

  1. desigirl328 says:

    I think it really depends on what you want to do. For example, my aunt went to law school and now she makes a 6 figure salary. On the other hand, one of my family members didn’t even go to college and they are also making close to the same amount by opening a business. Sorry I can’t give a better answer but it all really just depends.

  2. MISCH. says:

    yes, i’m going to grad school in Ateneo after finishing my undergrad course which is management honors. In grad school you’ll have a greater amount of getting into a better job with a bigger salary.

  3. €uralalya says:

    I don’t know how many people you know, but ALL of the successful and well paid people I know in New York have higher degrees. Maybe if you live in a smaller town or city, and don’t have high expectations of yourself, you can certainly get along fine without a graduate degree. Or, if you’re in a field like computer science, nursing, or other high demand curriculum, you may be able to get away with it as well. However, if you’re going for a social science, business or any medical bachelor’s program (aside from an RN program in nursing), you need a higher degree.

    Doctors and lawyers are the most in demand positions, as of the 2005 census by US News and World Report. Both have to receive higher degrees, i.e. GRAD school, in order to achieve their highest paying salary. Those with professional level degrees, master’s, PhD’s and professional certificate on average make 40% more in their lifetime than those with only a bachelor’s degree.

    If it weren’t worth it, no one would go – or, better yet, most would wait for a recession like what we’re experiencing now and run and hurry to enroll in a graduate or professional level program because they realize that they need it in order to compete in the current job force. We have had 12 recessions since the Great Depression – this has been the trend in EVERY single one of them. Don’t be the idiot who told himself graduate school wasn’t worth it, and then, in an average of 10 years when we experience another recession (though it may not be as debilitating as this one, I can assure you, according to business cycles, we will experience an economic downturn in the next decade or so), you’re not the first to lose your job.

    Honestly, I LOVE graduate school. I’m already paid more just for being enrolled in a program, and I plan to complete my PhD. I graduated with my BA last year, and jumped right into the program, and found a job to help support my tuition and living costs. I’m currently attending a state school, so the tuition isn’t ridiculous, and, yes, after an average of five years of attending a City University of New York school, at $3200 a semester, I will have spent $32,000 – the equivalent of one year as an undergraduate at NYU. I will still be as employable, with the same degree – and within a year, depending on the position I take, I will make that much within a salary difference than if I were to have just a bachelor’s, or even a master’s degree.

    Please see below – the average salary of one with a master’s degree and the average increase in wages one would receive with a master’s, PhD or professional degree compared to a BA/BS.

  4. CoachT says:

    Why would we bother to prove anything to you, you’ve already decided. It’s not a universal application that we can say “what was right for me is right for you.”

    If you don’t want to go to grad school then don’t – it’s all your call. If your career path doesn’t demand an MA, MSc, MBA, MPH, MEd, etc… then don’t get one if you don’t want to. If you’re in a field that typically requires one and you don’t want to get it then you may be facing a problem. It’s still your call though.

    I don’t know any plumbers, carpenters, electricians, etc… that have a master’s degree; most didn’t go to college at all. I know more than a few that make a really good living.

    I don’t know any college professors that don’t have at least a master’s degree. They make a pretty good living too. I know some people with a bachelor’s degree that can’t find a decent job too.

    All doctors and lawyers have a graduate degree (first professional) but if you don’t want to be a lawyer then you probably don’t need a JD.

    I know a lot of public school teachers that got a significant pay raise for no reason other than they have a master’s degree. It was beneficial to them but if you aren’t a public school teacher that doesn’t matter at all.

    Me? I do HR consulting and teach. I need my graduate degrees for that and really need to be finishing a doctorate for what I do. If I were still working in training or HR in the corporate world then I’d not need a doctorate or even the two master’s I have now – and wouldn’t be earning what I do now. But that’s my world. I’ve been doing this work for 29 years. Your needs will be entirely different.

    Everyone I know with a master’s degree is in a much higher position than most people I know without one. Less than 7% of the US population has a master’s degree – that means we don’t know all that many people who have one compared to those without.

    Make your decision based on your own life’s demands and needs; it’s frustrating to base your decisions on other people’s lives.

  5. Mom3Girls says:

    If you do not want to earn an advanced degree, then don’t. I live in Chicago and I know I will have a major advantage with my master’s degree – and plan on getting more than one. Everyone’s situation is different, but no one has to prove anything. It is a personal choice. And life is not all about money.

  6. My Dog Sachi says:

    If you enjoy studying in depth, go to grad school. If you detest the thought of opening another damn book, get out their and make money–once you have a B.A., you have good options either way.

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